QUESTION 5. From the following trial balance of Mr. Nath business, for the year ended 31" March 2008. (10) Debit ( Rs) Credit (Rs) Opening stocks 22,500 Purchase and sales 86,000 1,89,000 Discount 1,500 Debtors and creditors 19,000 27,000 Depreciation 7,000 Cash 8,900 Capital 1,71,300 Salaries 7,500 Bills Receivables 17,000 Carriage 700 Furniture 8,000 Bills payables 5,000 Machinery 2,00,000 Returns 4,000 3,800 Wages 16,000 Commission received 2,000 3,98,100 3,98,100 The closing Stock on 31 st March, 2008 was valued at 45,000.
Answers
Answer:
Trial Balance
particular debit. credit
opening stock 22500
purchase &sale. 86000. 189000
discount. 1500
debtors & creditors. 19000. 27000
Depreciation. 7000
cash. 8900
capital. 171300
salary. 7500
Bills receivable. 17000
carriage. 700
Furniture. 8000
bills payable. 5000
Machinery. 200000
Return. 4000 3800
wages. 16000.
commission received. 2000
Total. 398100. 398100